GE (GE) Target and Estimates Cut After "Mixed" Q2

Credit Suisse cut its earnings and price target on General
Electric (GE) following the conglomerate's "mixed" Q2 results. CS
saw the quarter as "in-line" and was encouraged by the strength
of GE's conference call, but remained cautious:

we view an in-line quarter as the first step toward
restoring confidence in the outlook and appreciated the length
and candor of the conference call. Strength at
Infrastructure and better than expected performance at GECS drove
results, but earnings composition was largely a mixed bag.